India auto body to cut FY13 car sales growth f'cast to 0-1 pct

India's car sales are likely to post negligible growth, if any, in the financial year that ends in March, an executive at the country's automobile association said, as slowing economic growth and high interest rates slash demand.

The Society of Indian Automobile Manufacturers (SIAM), which collects data from the country's carmakers, will cut its growth forecast to 0-1 percent from its previous 1-3 percent, deputy director general Sugato Sen said on Wednesday.